22 Jan 2021
Strong markets and merger support dividend hike
City of London has announced a trading statement covering its second-quarter FUM and first-half financial performance. These are excellent, even allowing for the boost that the Karpus transaction has given. The highlight for many investors will be the interim dividend increase to 11p (from 10p in 2020), with strong profit progress and an increased cash balance of £17.5m underpinning future dividend prospects. Estimated pre-tax and pre-amortisation profit for the half-year is estimated at £9.9m, ....
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Strong markets and merger support dividend hike
City of London Investment Group PLC (CLIG:LON) | 338 33.8 3.1% | Mkt Cap: 171.0m
- Published:
22 Jan 2021 -
Author:
Brian Moretta -
Pages:
6
City of London has announced a trading statement covering its second-quarter FUM and first-half financial performance. These are excellent, even allowing for the boost that the Karpus transaction has given. The highlight for many investors will be the interim dividend increase to 11p (from 10p in 2020), with strong profit progress and an increased cash balance of £17.5m underpinning future dividend prospects. Estimated pre-tax and pre-amortisation profit for the half-year is estimated at £9.9m, ....